Do or die for long term Bitcoin bulls?

2022년 8월 23일

As we can see on HTF BTC charts, price has been moving in an upwards channel creating higher highs and higher lows (breaks of structure [BOS] confirming the continuation of the uptrend), but we have sinked into a lower low which would definitely count as a change of character [CHOCH] of the market reversing the trend downwards. Do or die scenario is basically bouncing up from the demand point and forming a higher low constituting another change in the market's character to resume uptrend.

From another bearish Point of view, we could also see a massive bearish flag forming on HTF charts as well targeting the same areas we would be targeting with supply vs. demand analysis.



Please check linked idea to see how I expect the movement to be inside the bearish channel / flag before breaking out to the downside.

2022년 10월 5일

액티브 트레이드

So far it looks like it is the "do" scenario.